Question

    The income of ‘A’ increases by 33% every year. If

    the present income of ‘A’ is Rs. 35378 and his expenditure 2 years ago from now was Rs. 14580, then find his savings 2 years ago from now.
    A Rs. 5220 Correct Answer Incorrect Answer
    B Rs. 5320 Correct Answer Incorrect Answer
    C Rs. 5420 Correct Answer Incorrect Answer
    D Rs. 5520 Correct Answer Incorrect Answer

    Solution

    According to the question, Income of ‘A’ 2 years ago = 35378/(1.33)2 = Rs. 20000 Required savings = 20000 – 14580 = Rs. 5420

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